OTCPK:CUUHF - Post by User
Post by
RetailRubeon Mar 09, 2018 11:50am
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Post# 27691651
Who sold the stock down on 2018-Jan-19?
Who sold the stock down on 2018-Jan-19?On Jan 19th, I pulled the day graph of the stock price in 15 minute intervals. This is the day it went from $7.70/share to $6.80/share on 346,000 shares traded. Someone was selling around 25,000 share orders at 9:30, 12:45, 2:30, 2:45 , 3:30 and 3:45-4:00. I also pulled the end-of day transactions by broker in Stockwatch.com and found someone using TD unloaded 18,300 at 3:55pm. Therefore, I assume TD was the seller all day.
Later we learned the short interest soared around this time to about 500,000 shares short outstanding. Maybe TD was selling it short. I'm not sure why. In a thinly-traded stock like SOX that will definitely kill the stock price.
Now that good earnings have been published for FY2017, you would think the shorts would be covering. But SOX has been climbing on only modest volume ... not enough to close out the 500,000 shorts outstanding. If the shorts decide to exit, the stock could go to $10 like the good-old-days. It is already over $7 on just modest volume. Watch to see if TD starts buying aggresively. Then it would all make sense.